Archive for the ‘Company News’ Category

NewNet Communication Technologies Expands Global Sales Team to Grow Secure Transaction Router Business

Posted on: July 8th, 2013 by NewNet

 

Arlington Heights, IL July 8, 2013 -­ NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer Internet, multimedia content delivery, mobile advertising, secure transactions, Interactive Voice Response (IVR), and mobile real-time charging and rating, is pleased to announce the hire of four additional regional Sales Directors to their Global Sales team.

The addition of the Total Control compact IP transaction accelerator and Total Control Gateway to NewNet’s robust secure transaction portfolio provide enhanced transaction processing and security, and currently processes billions of transactions worldwide. TK Cheung, SVP and General Manager, says, “The NewNet Secure Transactions division offers a highly secure IP, dial, and mobile payment transaction switching router utilizing the latest technologies with high-performance dual crypto processors, extensive network management features, CDR analysis and reporting.” NewNet looks to expand their global reach of providing proven secure transaction solutions for Mobile payments, e-banking, transaction acquirers, payment processing, retailers, educational networks, NFC, mobile wallets and service providers. The latest enhancements to NewNet’s secure transaction portfolio provide unparalleled transaction routing, direct forwarding, enhanced encryption, and integrated payments, all on a PCI DSS industry standard security compliant system. Matt Thompson, NewNet SVP of Marketing, says “We are very excited to supplement our Secure Transactions’ division Regional Sales team. We have compelling products which can uniquely serve the growing needs of telecom and financial services providers in established and emerging markets. NewNet is able to leverage its deep knowledge of financial processing routers to deliver innovative solutions to our customers. The global electronic payments business is evolving rapidly and NewNet is at the forefront.”

As part of their global expansion goals, NewNet has added four new Regional Sales Directors to their team over the past 6 months. Edison Lima joined the NewNet team as the Regional Sales Director for Latin America after previous roles at Getnet and Hypercom. Mr. Lima brings over 20 years’ experience in corporate sales specializing in large contracts in the area of transaction processing and means of payment.
Dave Holman joined NewNet as the Regional Sales Director for North America after previous roles as the VP of Sales and Business Development for PayCommerce and EZIC, VP of Sales and Operations at Fast Transact, VP of Sales at Century Payments, and President of Foundation Merchant Services. Mr. Holman brings over 35 years of Sales Management experience at a senior level, and has brokered deals with the World’s two largest IBO companies as well as the largest professional sports brand in the World.

Tony Timpano joined NewNet as the Regional Sales Director for the EMEA region after previous roles at Hypercom and Ingenico. Mr. Timpano brings over 30 years of experience in computing and telecommunication sales and service, providing transaction process systems for fortune 500 companies as well as ISO’s throughout North America and abroad.

David Neo joined NewNet as the Regional Sales Director for APAC after previous roles at Verifone, Hypercom, and Vivotech. Mr. Neo brings over 30 years of experience, along with an extensive background in electronic funds transfer or transaction processing, mobile payments, smart cards, contactless RFID/ NFC payments, debit and credit cards.

“The continued growth of our secure transactions business, along with the addition of our Total Control, and Total Control Gateway solutions demonstrate our unrelenting commitment to excellence, as well as make us an attractive Network Access Control solution for financial services companies, processors, acquirers, and electronic payments companies.” said P.J. Louis, CEO of NewNet. “By adding experienced and highly respected professionals to our Global Sales team, we will remain well-positioned to handle the fast-pace growth we expect throughout 2013 and beyond.”

About NewNet Communication Technologies
NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit newnet.com or skyviewcapital.com, or send an inquiry to traxcominfo@newnet.com.

NewNet Communication Technologies to Partner with PCI Security Standards Council to Improve Payment Data Security Worldwide

Posted on: April 16th, 2013 by NewNet

 

As Council’s newest Participating Organization, NewNet Communication Technologies to contribute to the development of PCI Security Standards

Arlington Heights, IL April 16, 2013 — NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, announced today that it has joined the PCI Security Standards Council as a new Participating Organization. NewNet is a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions, Interactive Voice Response (IVR), and mobile real-time charging and rating. NewNet will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS).

Endorsed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the PCI Security Standards require merchants and service providers that store, process or transmit customer payment card data to adhere to information security controls and processes that ensure data protection. To enhance payment data security globally while embracing new technologies as they are developed, the Council relies on involvement of those across the payments processing chain, from merchants and service providers to payment device manufacturers and software developers, financial institutions and processors.

As a Participating Organization, NewNet adds its voice to the standards setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security.
NewNet will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in exclusive webinars and question and answer sessions with Council representatives, and review and discuss new versions of the PCI Security Standards while sharing cross-sector experiences and best practices at the annual Community Meetings.

“In an era of increasingly sophisticated attacks on systems, adhering to the PCI DSS represents an entity’s best protection against network security threats and data breaches,” said Bob Russo, General Manager of the PCI Security Standards Council. “By joining as a Participating Organization, NewNet demonstrates they are playing an active part in mitigating the threats and improving the security of the payment chain globally by driving the security standards to higher levels of adoption and strength.”

NewNet’s CEO, PJ Louis, said: “We are pleased to become a Participating Organization member of the PCI Security Standards Council. “As a member NewNet will play a direct role in the ongoing development of PCI standards while providing the highest levels of security for our TraxcomSecure transaction processing product line.”

About the PCI Security Standards Council
The PCI Security Standards Council is an open, global forum that is responsible for the development, management, education and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security. Founded in 2006 by the major payment card brands American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc., the Council has more than 600 Participating Organizations representing merchants, banks, processors and vendors worldwide. To learn more about playing a part in securing payment card data globally, please visit: pcisecuritystandards.org

Connect with the PCI Council on LinkedIn: http://www.linkedin.com/company/pci-security-standards-council Join the conversation on Twitter: http://twitter.com/#!/PCISSC

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit newnet.com and skyviewcapital.com

NewNet Communication Technologies Appoints T.K. Cheung as Senior Vice President and GM of Secure Transactions Business Unit

Posted on: February 4th, 2013 by NewNet

Arlington Heights, IL February 4, 2013 — NewNet Communication Technologies, LLC, a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions has appointed T.K. Cheung as SVP and GM Secure Transactions business unit. In this role, Cheung is responsible for overseeing all activities related to sales, products, services and support for the secure transaction switching product lines, reporting to PJ Louis, CEO of NewNet Communication Technologies.

“I am pleased to welcome T.K. Cheung to lead the Secure Transactions business in NewNet” Louis said. “His extensive industry knowledge and global experience will definitely help expand NewNet’s Secure Transactions business across the world.”

Cheung has over 30 years of experience in the electronic payments and telecommunications industries with proven track record in P&L management, process analysis and re-engineering in a global arena. He has played instrumental roles in releasing revenue-generating products and acquiring customers.

Cheung has held a number of international and US-based positions for Hypercom, Equinox and American Express. Most recently, Cheung was Senior Vice President of Research & Development at Equinox Payments, subsequent to the acquisition and divestiture of Hypercom USA by VeriFone, Inc. During his 19 years’ at Hypercom Corporation, Cheung held a variety of leadership roles covering business development, product management and engineering in the US and Asia, including Vice President of Global Quality & Security and Managing Director for Asia Pacific. Before joining Hypercom Corporation, T.K. took up several important technical roles at American Express in Hong Kong and the United Kingdom.

About NewNet Communication Technologies
NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. Skyview Capital, LLC, is a private investment firm that specializes in the acquisition and management of companies across multiple sectors of technology, telecommunications, services, and niche manufacturing. For further information, please visit https://newnet.com/business-units/secure-transactions/

NewNet Communication Technologies Launches Conexus Partner Program

Posted on: February 1st, 2013 by NewNet

NewNet Communication Technologies Conexus Partner Program is designed to accelerate and grow NewNet Conexus Partners sales and revenue.

Arlington Heights, IL. February 1, 2013.— NewNet Communication Technologies, LLC, a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing launched the NewNet Conexus Partner Program today. This partner program is designed to accelerate and grow NewNet Conexus Partners sales and revenue.

NewNet Conexus Partner Program is a flexible, benefits rich channel partner program offered by NewNet Communication Technologies to facilitate collective success for NewNet and NewNet partners. This multi-tiered program helps NewNet partners take advantage of new opportunities and niche solutions in the communication market and generate revenue potential by leveraging NewNet’s innovative secure transaction processing and mobile messaging platforms. Focused on mutual success, the NewNet Conexus Partner Program rewards NewNet partners for their expertise in key technologies and local markets with attractive incentives, innovative products, comprehensive training, as well as professional sales and marketing support. NewNet is committed to supporting our NewNet channel partners every step of the way to success and offer a partner program that is built on value, innovation and commitment.

“Our partners are our priority” emphasizes PJ Louis, CEO of NewNet Communication Technologies. “We truly believe that value-added resellers, system integrators, and OEM partners are critical to NewNet’s success. In return, NewNet partners will receive great incentives, huge support and the rich resources they need to sell and implement NewNet solutions. We are confident that NewNet’s best-of-breed partner management models will bring a mutual success to NewNet and NewNet partners.”

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. Skyview Capital, LLC, is a private investment firm that specializes in the acquisition and management of companies across multiple sectors of technology, telecommunications, services, and niche manufacturing. For further information, please visit https://newnet.com/business-units/secure-transactions/

NewNet Communication Technologies Introduces the Total Control Secure Transaction Gateway-Dial

Posted on: October 16th, 2012 by NewNet

The Next Generation Dial Access Payment Transaction Switching and Routing Gateway

Arlington Heights, IL. October 16, 2012 — NewNet Communication Technologies, LLC, a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing launched today at the Electronic Transaction Association’s (ETA) Strategic Leadership Forum a new Total Control product: Secure Transaction Gateway-dial (STGd), NewNet’s next generation solution for carrier class transaction network service providers. Leveraging the widely deployed Total Control platform, the Total Control STGd offers a small form factor dial, IP and X.25 payment transaction switching and routing powerhouse with great emphasis on performance, scalability and security.

Running on an industry standard rack server, the STGd system is designed with the best of breed features: carrier grade processing with the latest Intel Dual-Core Sandy Bridge processors, advanced TI DSPs, an industry grade real time Linux operating system, and a high density of E1/T1s per server. The mighty punch of the Total Control STGd is packed in a power efficient, small footprint 1U form factor and it is linearly scalable to thousands of DS0s. Beneath the surface lies the feature rich and secure computing application framework capable of virtualization, logical segregation, load balancing across modem spans and authorization servers.

Integrating with network management, monitoring, configuration handling, statistics, billing, and reporting applications, the Total Control STGd system expands the opportunities for customers to avail new generation application services.

Total Control STGd exceeds PCI compliance requirements and brings in unparalleled mechanisms to guarantee that the market leading platform continues to push the envelope to keep your data safe. Intelligent fail safe mechanisms ensure that configurations can only be applied if they are standards compliant, eliminating security risks before they emerge. By offering the latest security protection mechanisms and hardened encryption capabilities, advanced key algorithms and key exchange methods, the Total Control STGd builds a strong foundation for payment transaction processing.

“Total Control STGd is small, powerful, green and extremely secure” emphasizes Roger Pavane, Executive Vice President Sales & Marketing of NewNet Communication Technologies “with options to evolve into Modem Over IP and SIP based packet data network interfaces for data offloading from PSTN networks for faster and cost efficient modes of transactions, Total Control STGd ensures that your investment remains future proof.”

 

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. Skyview Capital, LLC, is a private investment firm that specializes in the acquisition and management of companies across multiple sectors of technology, telecommunications, services, and niche manufacturing. For further information, please visit www.newnet.com

NETS, Singapore’s largest payment distribution and financial transaction processing services company, Selects NewNet Solution

Posted on: July 13th, 2012 by NewNet

Singapore based NETS upgrades to NewNet’s high density Total Control 1000 system for delivery of secure payment services
Arlington Heights, IL — July. 13 , 2012

NewNet Communication Technologies announced today that NETS (Network for Electronic Transfers Singapore), Singapore’s largest payment, distribution and financial transaction processing services company, selected NewNet’s industry leading TraxcomSecure Total Control 1000 secure payment gateway platform for the expansion and upgrade of its payments transaction processing network. NewNet Communication Technologies is a recognized leader in secure transaction processing, mobile multimedia content delivery and wireless network infrastructure solutions.

NETS is Singapore’s largest merchant acquirer and has the largest terminal base in the country. Worldwide adoption of e-commerce and m-commerce payments is fully under way and the Asia region is at the forefront of this growth. JP Morgan has predicted that the Asian retail e-commerce market excluding travel will double from about US$156 billion in 2010 to US$323 billion by 2013. The Singapore online shopping market size is set to explode from about Sg$1.1 billion in 2010 to Sg$4.4 billion by 2015. NETS has selected and deployed the NewNet Total Control 1000 dial gateway solution to address the increased network capacity needs.

“We are delighted to be a key component in the growth of the NETS network,” said Mary Lynch, Director of Marketing and Sales Alignment “According to a Yankee group report some of the most enthusiastic adopters of e-commerce and m-commerce are in Asia, with the market projected to grow over 70% and over 69% of the respondents indicated that they favored the use of a mobile phone for payment transactions. This kind of an innovative early adoption environment is where NewNet excels, because our solution delivers the highest standards of availability, reliability, security and performance necessary to drive the rapid use of advanced payment transaction services. The selection of our solution by NETS is a validation of our ability to help our customers evolve their service offerings to keep pace with their growth and capacity needs.”

The NewNet Total Control 1000 Trax 2.5 system offers a market-leading solution for dial-based carrier class transaction network services to service providers, merchant acquirers and payment processors. The recently enhanced payments platform provides specialized software to enable faster transaction processing of credit card and debit card authorizations, fund transfers, and health and other electronic benefits transfers. The high-density TC1000 platform speeds transaction times with features such as Fast Connect, and supports transaction protocols such as VISA I/II, ISO 8583, TPDU and several custom protocols.

The NewNet AccessGuard 1000 platform provides the required end-to-end security features for mobile and broadband payment transaction processing, including SSL acceleration and offloading, digital certificates, and state-of-the-art DUKPT powered encryption and decryption. Secure connectivity to host processor systems is provided using IPsec. The AccessGuard portfolio of products supports a broad variety of industry standards and vendor-proprietary payment protocols, including Visa I/II, ISO 8583 and TPDU, enabling interoperability between client protocols and host processor protocols. Innovative applications and services such as mobile wallet, Smart Cash and mobile money transfers can be delivered using the AccessGuard platforms.

 

About NewNet Communication Technologies, LLC
NewNet Communication Technologies, LLC, is a leading provider of innovative solutions for next generation mobile and fixed line networks. NewNet enables global telecom operators and equipment manufacturers to rapidly develop and deploy cutting edge, revenue-generating applications that deliver feature-rich, value added services. Recognized as a trusted leader in the carrier applications market for over 20 years, NewNet has been synonymous with telecom product excellence and development expertise. The company is committed to providing unparalleled service to its customers. With installations in major carrier networks in over 70 countries, NewNet’s product offerings include: The WiMAX end to end wireless broadband product portfolio; TraxcomSecure electronic transaction processing solutions, which deliver services such as mobile payments, e-banking, and e-commerce; Mercury, the industry’s most complete purpose-built, mobile multimedia content delivery platform; and the Total Control PDSN platform, which provides economic delivery of premium mobile data services in CDMA networks. Other products include Distributed7, the world’s first standards-based signalling platform, and a short message service center (SMSC), which has been deployed in more than 200 wireless networks worldwide. The company is headquartered in the USA, with sales and support teams located around the world. NewNet is a wholly owned portfolio company of Los Angeles based private investment firm Skyview Capital LLC., Skyview Capital specializes in the acquisition and strategic management of mission-critical, industry-leading businesses in services and technology.

For more information, visit:
www.newnet.com
www.skyviewcapital.com

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